Uudiste arhiiv

 

Residential Real Estate Offers In Estonia Showing An Increase

19.04.2011

Real estate portal KV.ee’s index of property prices in Estonia seems to be on a horizontal plane at the moment, according to Tõnu Toompark’s Adaur blog. The Index currently stands at 61.9 points, 1.7 per cent lower than this time…

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Euribor Increase To 1.25%: Effects On Estonian Property Market

10.04.2011

The European Central Bank (ECB)’s decision to raise the Euribor index of lending rates to 1.25% on Thursday last (7th April) perhaps comes as no surprise, and it seems likely that further rises are due for the course of 2011.…

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Analysts: brace for higher interest rates

07.04.2011

Estonians who have borrowed from banks will soon have to repay considerably more in interest since euribor rate is expected to grow rapidly in near future, writes Äripäev. Tõnu Palk, chief economist of Nordea Pank, said that the whole eurozone…

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Personal Bank Deposits In Estonia Seven Times Greater Than Loans

06.04.2011

Deposits in Estonian banks have been steadily increasing, so writes Tõnu Toompark on his blog, adaur.ee. Estonian data for February shows a total value of bank deposits of just under 10.5 billion Euros, of which 5.9 billion is held in…

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Construction Insider: Tallinn Property Market Suffering From An Offers “Drought”

05.04.2011

Astlanda OÜ board member Kajar Kruus has provided an interesting perspective on the current situation in the real estate market in Tallinn, the indicators and reasons behind its seeming upturn as well as shedding some light on the realities behind…

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Statistics: Estonian Economy Only 16 Per Cent Below Boom Years Peak

25.03.2011

After two years of deep recession, further evidence of a return to the earlier days of economic growth, when using GDP per capita as an indicator, has been provided by Tõnu Toompark’s real estate blog. Tõnu writes that the downturn…

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Tallinn Property Price Index Unchanged

15.03.2011

As recently posted on this blog, there was a recent blip upwards  in the otherwise generally stagnant level of property prices in Tallinn, at least according to real estate portal kv.ee‘s index of prices. It seems that things have reverted…

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Statistics Office – No Recovery In Estonian Construction in 2010

01.03.2011

As noted in an earlier post, the third quarter of 2010 showed no signs of recovery in the construction sector, at least if figures released by the Estonian statistical office are anything to go by. According to data released by…

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Saaremaa Real Estate Transactions Most Active In 2010

03.02.2011

Here at Tallinn Property we tend to focus on the real estate market in the capital. After all that is where our name derives from! Nevertheless, just to show we don’t completely overlook the rest of the country, we are…

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2010 Saw A Total Of 41,608 Real Estate Deals In Estonia

27.01.2011

The land registry in Estonia  has reported that 2010 saw some 41 608 real estate deals for the whole of Estonia, according to Tõnu Toompark’s blog. This figure was apparently roughly divided equally between land sales and apartment ownership sales. Worth…

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No Signs That Euro Adoption In Estonia Has Led To Surge In Property Prices – Yet

21.01.2011

The recent adoption of the Euro in Estonia has not led to an immediate rise in residential real estate prices, according to Tõnu Toompark’s blog, adaur.ee (in Estonian). Citing real estate portal KV.ee’s own index for residential real estate prices,…

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No Signs Of An Increase In Real Estate Prices Arising From The Euro

21.01.2011

The recent adoption of the Euro in Estonia has not led to an immediate rise in residential real estate prices, according to Tõnu Toompark’s blog, adaur.ee (in Estonian). Citing real estate portal KV.ee’s own index for residential real estate prices,…

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Goodbye Kroon, Hello Euro – Practical Info On Estonia’s New Currency

20.01.2011

The introduction of the Euro to Estonia on 1 January took place quite smoothly and with no major mishaps. Cash machines were closed from midday on 31 December, 2010 until the stroke of the new year 12 hours later, which…

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Real estate expert: foreclosed homes bought by speculators

18.01.2010

Estonian real estate expert Tõnu Toompark writes in Pealinn that homes sold by people who have developed financial problems are often acquired by speculators. According to Toompark, most houses and apartments foreclosed by banks for loan defaults are not sold…

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Real estate market 2009: common sense

21.12.2009

This year was a turning point on the Estonian real estate market. Those who survived 2009 on the real estate market got a very expensive lesson that highlighted the need for common sense, writes real estate analyst Tõnu Toompark. Negative…

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